Neo offers a multi-currency corporate account that simplifies international payments and foreign exchange risk management for global treasury teams. By providing a single platform for FX execution, cash management, and real-time analytics, Neo enables businesses to efficiently handle cross-border transactions in over 20 currencies while reducing operational costs.
Funding
$18.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing multiple bank accounts and executing cross-border payments in various currencies can be complex and costly for global businesses. Traditional banking solutions often lack transparency in pricing and real-time analytics, hindering efficient cash management and foreign exchange risk mitigation.
Solution
Neo provides a multi-currency corporate account that streamlines international payments and simplifies foreign exchange risk management for global treasury teams. The platform offers a single point of access for FX execution, international collections, cash management, and real-time analytics. Businesses can efficiently handle cross-border transactions in over 20 currencies, open multi-currency IBANs, and store funds in multiple currency wallets. Neo enables companies to define and implement FX policies, buy and sell foreign currencies at competitive rates, and invest idle treasury with swaps.
Target Audience
Neo primarily targets corporate treasury teams, CFOs, and CEOs of SMEs with cross-border operations who need to manage international payments, FX risk, and cash flow efficiently.
Features
- Multi-currency accounts supporting 20+ currencies for international payments and collections
- Ability to open multi-currency IBANs
- FX execution on spot and derivatives, including forwards, swaps, and options
- Real-time market data, rate alerts, and portfolio performance tracking
- Customizable dashboards for monitoring key financial data
- Integration with Neo Core Banking System for ledger management and unlimited historical data
- Automated FX operations using predefined scenarios and triggers
- Data protection, backup, and RSA-2048 standard encryption